Sivakasi - Auction Details
Commercial property comprising 55.4 acres of land, buildings, and plant & machinery for duplex paper board production. The facility is located in Vembakottai Village, Sivakasi, Virudhu Nagar District, Tamil Nadu. | Industrial land admeasuring 55.4 acres with a building structure and two units of plant & machinery for the commercial auction.
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About This Auction
Commercial property comprising 55.4 acres of land, buildings, and plant & machinery for duplex paper board production. The facility is located in Vembakottai Village, Sivakasi, Virudhu Nagar District, Tamil Nadu. | Industrial land admeasuring 55.4 acres with a building structure and two units of plant & machinery for the commercial production of duplex paper board with an overall capacity of 450 TPD. The facility is located in Vembakottai Village, Sivakasi, Virudhu Nagar District, Tamil Nadu.
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Insolvency and Bankruptcy Board of India
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About Sivakasi
Sivakasi is a city in Virudhunagar District in the Indian state of Tamil Nadu. The city is known for firecrackers and match factories that produce 70% of the country's output. The printing industries in Sivakasi produce 30% of the total diaries produced in India. The industries in Sivakasi employ over 25,000 people and the estimated turnover of the firecracker, match making and printing industries in the city is around ₹20 billion (US$240 million). The major issues... in the city are the frequent accidents in the firecracker factories and the high level of child labour. Read More
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